Target Co. (NYSE:TGT) Stock Position Lowered by Atlas Brown Inc.

Atlas Brown Inc. trimmed its position in shares of Target Co. (NYSE:TGT) by 2.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,055 shares of the retailer’s stock after selling 162 shares during the period. Atlas Brown Inc.’s holdings in Target were worth $954,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TGT. Legacy Investment Solutions LLC purchased a new position in shares of Target during the third quarter valued at $28,000. Wolff Wiese Magana LLC grew its stake in Target by 156.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 218 shares of the retailer’s stock valued at $34,000 after acquiring an additional 133 shares in the last quarter. FSA Wealth Management LLC acquired a new position in shares of Target in the 3rd quarter valued at about $36,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Target in the third quarter worth approximately $38,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Target during the third quarter worth approximately $41,000. 79.73% of the stock is currently owned by hedge funds and other institutional investors.

Target Stock Performance

Target stock traded up $3.39 during trading hours on Friday, hitting $141.61. The stock had a trading volume of 4,454,624 shares, compared to its average volume of 4,368,185. The company has a 50-day moving average of $137.77 and a two-hundred day moving average of $145.60. The company has a quick ratio of 0.25, a current ratio of 0.94 and a debt-to-equity ratio of 0.99. Target Co. has a fifty-two week low of $120.21 and a fifty-two week high of $181.86. The company has a market cap of $64.89 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 2.23 and a beta of 1.16.

Target (NYSE:TGT) last issued its earnings results on Wednesday, November 20th. The retailer reported $1.85 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.45). Target had a net margin of 4.06% and a return on equity of 31.11%. The firm had revenue of $25.23 billion during the quarter, compared to analyst estimates of $25.87 billion. During the same quarter in the previous year, the company posted $2.10 earnings per share. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts anticipate that Target Co. will post 8.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Melius Research initiated coverage on shares of Target in a research note on Monday, September 23rd. They set a “buy” rating and a $180.00 target price for the company. StockNews.com downgraded Target from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. Roth Mkm cut their price target on Target from $157.00 to $131.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. JPMorgan Chase & Co. lowered their price target on Target from $167.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, November 21st. Finally, Piper Sandler dropped their price objective on Target from $156.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Target currently has an average rating of “Hold” and an average target price of $160.57.

About Target

Target Corporation operates as a general merchandise retailer in the United States. The company offers apparel for women, men, boys, girls, toddlers, and infants and newborns, as well as jewelry, accessories, and shoes; and beauty and personal care, baby gear, cleaning, paper products, and pet supplies.